🔴 Bitdeer Technologies is trading 11.3% down today after Q2 results showed an $8.5M gross loss

Bitdeer Technologies is trading at $9.65 (-11.26%) after Q2 results produced an $8.5 million gross loss.

• Q2 revenue was $228.8 million, while cost of revenue reached $237.3 million.
• Net loss widened to $92.3 million from $62.9 million year over year, despite adjusted EBITDA improving to $31.1 million.
• Bitcoin, Ethereum, and broader markets were only modestly lower, making the earnings disappointment the clearest catalyst.